Bearish
Copper prices decline to $14,065 amid rising LME inventories and stronger dollar.
Over the past 24 hours, copper prices have fallen to $14,065 per metric ton, influenced by a 1.2% drop in benchmark three-month LME copper and a stronger U.S. dollar. Additionally, a 35,650-ton increase in LME copper on-warrant stocks, the largest since 2024, has eased supply constraints, contributing to the price decline.
Key points
- Copper prices drop to $14,065 amid rising LME inventories and stronger dollar.
- LME copper on-warrant stocks increase by 35,650 tons, the largest since 2024.
Sources
AI-generated from public news sources. Not financial advice.
